First Trust Europe AlphaDEX Fund (NASDAQ:FEP) Trading Down 0% – Should You Sell?

First Trust Europe AlphaDEX Fund (NASDAQ:FEP) shares were down 0% on Tuesday . The company traded as low as $58.63 and last traded at $58.7210. Approximately 15,086 shares changed hands during trading, a decline of 48% from the average session volume of 29,189 shares. The stock had previously closed at $58.73.

First Trust Europe AlphaDEX Fund Stock Performance

The firm has a market capitalization of $477.84 million, a P/E ratio of -89.83 and a beta of 0.90. The business has a fifty day moving average of $59.20 and a 200-day moving average of $57.89.

First Trust Europe AlphaDEX Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.7986 per share. This represents a $3.19 dividend on an annualized basis and a dividend yield of 5.4%. This is a positive change from First Trust Europe AlphaDEX Fund’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend was Thursday, June 25th. First Trust Europe AlphaDEX Fund’s dividend payout ratio is -240.91%.

Hedge Funds Weigh In On First Trust Europe AlphaDEX Fund

A number of institutional investors and hedge funds have recently bought and sold shares of FEP. First Trust Advisors LP raised its position in shares of First Trust Europe AlphaDEX Fund by 52.5% during the 1st quarter. First Trust Advisors LP now owns 1,079,715 shares of the company’s stock worth $58,963,000 after buying an additional 371,900 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of First Trust Europe AlphaDEX Fund by 2.4% during the first quarter. Cetera Investment Advisers now owns 204,533 shares of the company’s stock valued at $11,170,000 after acquiring an additional 4,869 shares during the period. Assetmark Inc. raised its holdings in First Trust Europe AlphaDEX Fund by 6.7% during the first quarter. Assetmark Inc. now owns 123,126 shares of the company’s stock worth $6,724,000 after purchasing an additional 7,765 shares in the last quarter. Bank of America Corp DE raised its holdings in First Trust Europe AlphaDEX Fund by 9.0% during the first quarter. Bank of America Corp DE now owns 120,815 shares of the company’s stock worth $6,598,000 after purchasing an additional 9,965 shares in the last quarter. Finally, Citadel Advisors LLC lifted its position in First Trust Europe AlphaDEX Fund by 17.7% in the second quarter. Citadel Advisors LLC now owns 47,652 shares of the company’s stock worth $2,719,000 after purchasing an additional 7,165 shares during the period.

About First Trust Europe AlphaDEX Fund

The First Trust Europe AlphaDEX Fund (FEP) is an exchange-traded fund that is based on the NASDAQ AlphaDEX Europe index. The fund tracks a tiered equal-weighted index of 200 companies selected from the S&P Europe BMI based on the S&P’s AlphaDex selection methodology. FEP was launched on Apr 18, 2011 and is managed by First Trust.